Xiaomi, the Chinese tech giant known for smartphones, is accelerating its electric vehicle (EV) ambitions with plans to sell its YU7 SUV globally by 2027, posing a direct threat to Tesla’s Model Y. The company’s automotive division secured 200,000 orders…
Geely Automobile Holdings, led by billionaire Li Shufu, is making waves in Europe’s electric vehicle (EV) market by launching its namesake brand in Italy with all-electric and hybrid SUVs. Announced on Thursday, July 3, 2025, this move marks Geely’s first…
In 2025, Chinese automakers BYD and Chery are reshaping the electric vehicle (EV) landscape, outmaneuvering global giants like Tesla, General Motors (GM), and Volkswagen (VW) with unprecedented speed and scale. A Reuters investigation reveals how these companies slashed vehicle development…
Chinese electric vehicle (EV) manufacturers are accelerating past Tesla, posting record-breaking sales in May 2025, according to a recent Barron’s report. Companies like Li Auto, XPeng, and NIO delivered nearly 98,000 vehicles combined, a 50% surge compared to last year,…
Chinese electric vehicle (EV) manufacturer XPeng is making waves in the EV industry, forecasting second-quarter revenue between 17.5 billion and 18.7 billion yuan ($2.47 billion to $2.64 billion), surpassing Wall Street expectations of 16.85 billion yuan, according to LSEG data.…
Tesla, once a leader in the electric vehicle (EV) industry, is grappling with a severe challenge as over 10,000 Cybertrucks sit unsold across the U.S., costing the company an estimated $800 million. According to a recent Forbes report, this inventory…
On May 14, 2025, Chinese electric vehicle (EV) manufacturer Xpeng revealed the next-generation P7, a sleek coupe sedan internally codenamed E29, marking a significant update to its iconic sports sedan lineup. This facelift, the first major refresh since the P7’s…
J.P. Morgan Chase increased its stake in Tesla by 9.5% (or 3.43 million shares) in the first quarter of 2025, according to its latest 13F filing with the SEC. The asset manager held 39,415,548 shares in Tesla as of March…
Tesla’s electric vehicle (EV) sales in Europe took a nosedive in April 2025, with an alarming 81% drop in Sweden, marking the lowest sales since October 2022, according to a Reuters report. The automaker is grappling with fierce competition from…
Tesla is set to introduce a more budget-friendly version of its popular Model Y, codenamed E80, this July, according to reports circulating on Chinese social media. Shared by Tesla Newswire, the announcement highlights a strategic move to broaden Tesla’s market…
China’s electric vehicle market continues to surge with impressive momentum, as leading manufacturers reported substantial February delivery figures over the weekend. BYD and XPeng demonstrated particularly strong performance, with several players showing triple-digit year-over-year growth amid an increasingly competitive landscape.…
China’s rapid electric vehicle adoption is creating unprecedented pressure on traditional oil markets, with potential long-term implications for global energy dynamics. The world’s largest automotive market is witnessing a fundamental transformation as electric vehicles capture over 50% of new passenger…
The autonomous driving landscape is poised for a significant shift in 2025, as manufacturers race to integrate advanced driver assistance systems (ADAS) despite uncertain profit prospects. According to McKinsey analysis, the autonomous driving market could reach $400 billion by 2035,…
General Motors’ dramatic fall from market leader to 16th place in China represents one of the most significant shifts in global automotive history, with sales plummeting 42.5% in the first 11 months of 2024 and forcing a $5 billion write-down…
Tesla’s dominance in the Australian electric vehicle market is showing signs of erosion, with November sales dropping 35.5% year-over-year to 2,540 units according to Electric Vehicle Council data. This decline contributes to the brand’s first annual sales decrease of 20.9%…
Premium EV maker Nio reported disappointing third-quarter results as intense price competition in China’s electric vehicle market continues to squeeze margins and impact sales targets, reports Bloomberg. Revenue Growth Overshadowed by Losses The Chinese automaker posted revenue of 18.7 billion…
XPENG has just launched the P7+ in China, introducing what they call the “world’s first AI-defined vehicle.” The new P7+ elevates the original P7 sedan with advanced artificial intelligence that boosts autonomous driving capabilities, aiming to make it a major…
Audi has unveiled a new electric vehicle (EV) brand in China, targeting younger drivers with a fresh branding approach that omits the company’s signature four-ring logo. The new brand, simply named AUDI, marks a strategic partnership with Chinese automaker SAIC.…
The likely future EU trade chief stressed that any minimum price agreements with Chinese EV manufacturers must be as robust as the recently imposed tariffs, according to a Reuters report. New Tariffs Spark Negotiations The EU recently slapped hefty tariffs…
Chinese electric vehicle stocks saw significant gains after industry leader BYD posted extraordinary October delivery numbers, backed by strong government incentives driving the sector’s growth, reports Bloomberg. Record-Breaking Performance BYD’s shares surged up to 5.6% in Hong Kong trading on…
Chinese electric vehicle manufacturers made a bold statement at this year’s Paris Auto Show, showcasing their latest models despite recent EU tariffs. According to reporting from The New York Times, a record number of Chinese automakers unveiled cutting-edge EVs, seemingly…
In a stunning reversal of fortune, Germany’s automotive powerhouses are finding themselves outpaced and outmaneuvered in the world’s largest car market. A recent Bloomberg report paints a sobering picture of how Volkswagen, BMW, and Mercedes-Benz are desperately scrambling to catch…
Nio Inc., a leading Chinese electric vehicle manufacturer, is voicing strong opposition to recent tariff measures proposed by the United States and European Union on Chinese EVs. This pushback comes amidst rising trade tensions and debates over fair competition in…
BYD, the Chinese electric vehicle giant, is making significant headway in Southeast Asian markets, particularly in Singapore and Malaysia. This success is largely attributed to the company’s swift adaptation to local requirements, according to Fortune. The Right-Hand Drive Advantage Jeffrey…
Tesla’s performance in China remains strong, with the electric vehicle giant recording its second-best week of Q3 2024 for new vehicle insurance registrations. According to Sawyer Merritt’s post on X, 15,600 Teslas were insured in China last week. Q3 Numbers…
Chinese electric vehicle (EV) manufacturers are showing resilience in the face of global trade restrictions, with several major players reporting significant year-on-year sales increases for August. This surge comes despite recent announcements by the European Union, United States, and Canada…
European automakers, particularly Volkswagen, are facing a significant crisis in their electric vehicle (EV) production efforts. According to a recent Bloomberg report, German and French carmakers are rapidly losing ground in the race to produce EVs, leading to potential factory…
Chinese electric vehicle manufacturer Xpeng is gearing up for a significant expansion into the European market, as reported by Bloomberg News. The company is planning to introduce entry-level cars and establish local production facilities in Europe, aiming to circumvent potential…
Xpeng, a leading Chinese electric vehicle manufacturer, has announced its latest offering in the competitive EV market – the Mona M03 coupe. This new model is set to disrupt the industry with its remarkably low price point, starting at just…
Volkswagen is making significant changes to its electric vehicle (EV) development strategy in China. The German automaker is centralizing its EV operations in Anhui province, aiming to better compete with local manufacturers and meet the unique demands of Chinese consumers,…
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